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Cooperation Agreement [Form]
Cooperation Agreement [Form] (92K)
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FORM OF COOPERATION AGREEMENT
by and among
ASSURANT, INC. (formerly named FORTIS, INC.),
FORTIS INSURANCE N.V.
and
FORTIS SA/NV and FORTIS N.V.
Dated as of -, 2004.
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TABLE OF CONTENTS
{TABLE} {CAPTION} PAGE ---- {S} {C} ARTICLE 1 DEFINITIONS
Section 1.01. Certain Definitions..................................... 2
ARTICLE 2 USE OF NAME, TRADEMARKS AND DOMAIN NAMES
Section 2.01. Grant of License........................................ 4 Section 2.02. Trademark Guidelines and Standards...................... 6 Section 2.03. Retention of Trademark Ownership........................ 6 Section 2.04. Termination of Trademark Licenses....................... 7 Section 2.05. Representations and Warranties.......................... 7 Section 2.06. Disclaimer.............................................. 7
ARTICLE 3 FINANCIAL AND OTHER INFORMATION
Section 3.01. Fifty Percent Threshold.................................. 7 Section 3.02. Twenty Percent Threshold................................. 9 Section 3.03. Coordination, Cooperation and Access..................... 10 Section 3.04. Ten Percent Threshold.................................... 13
ARTICLE 4 RELEASE AND INDEMNIFICATION
Section 4.01. General Cross Indemnification........................... 13 Section 4.02. Procedure............................................... 14 Section 4.03. Other Matters........................................... 15
ARTICLE 5 OTHER PROVISIONS
Section 5.01. Insurance Maintained by Fortis.......................... 15 Section 5.02. Vendor Purchasing Arrangements.......................... 15 Section 5.03. Services Provided Prior to Trigger Date................. 16 Section 5.04. Access to Historical Records............................ 16 Section 5.05. Cosmos.................................................. 16 Section 5.06. Miscellaneous........................................... 17 {/TABLE}
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{TABLE} {S} {C} ARTICLE 6 ALLOCATION AND EXPENSES
Section 6.01. Allocation of Costs and Expenses........................ 17 Section 6.02. Expense Reimbursement................................... 18
ARTICLE 7 MISCELLANEOUS
Section 7.01. Notices................................................. 18 Section 7.02. Binding Nature of Agreement............................. 19 Section 7.03. Descriptive Headings.................................... 19 Section 7.04. Remedies................................................ 19 Section 7.05. Governing Law........................................... 20 Section 7.06. Counterparts............................................ 20 Section 7.07. Severability............................................ 20 Section 7.08. Confidential Information................................ 20 Section 7.09. Amendment and Modification.............................. 21 Section 7.10. Entire Agreement........................................ 21 Section 7.11. No Assignment........................................... 21 Section 7.12. No Third Party Beneficiaries............................ 21 Section 7.13. Termination............................................. 21 {/TABLE}
SCHEDULES
Schedule 2 Fortis Marks Schedule 3(a) Financial Information to be provided by Assurant Schedule 3(b) Risk Information to be provided by Assurant Schedule 3(c) Compliance Information to be provided by Assurant Schedule 5 Vendor Purchasing Arrangements
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COOPERATION AGREEMENT
COOPERATION AGREEMENT, dated as of -, 2004, by and among ASSURANT, Inc. (formerly named Fortis, Inc.), a Delaware corporation ("ASSURANT"), FORTIS INSURANCE N.V. ("FORTIS INSURANCE"), a naamloze vennootschap established under the laws of the Netherlands, and FORTIS SA/NV a public company established as a societe anonyme/naamloze vennootschap under the laws of Belgium and FORTIS N.V., a public company established as a naamloze vennootschap under the laws of the Netherlands (Fortis SA/NV and Fortis N.V., together referred to as "FORTIS")
WHEREAS, Fortis is the indirect owner of all of the issued and outstanding common stock of Assurant;
WHEREAS, simultaneously with the execution and delivery of this Agreement, Assurant is registering Common Shares owned by Fortis Insurance for sale to the public in an underwritten secondary offering registered under the Securities Act pursuant to a registration statement on Form S-1, File No. 333-109984 (the "IPO REGISTRATION STATEMENT").
WHEREAS, upon completion of such offering, Fortis Insurance will continue to own -% of the Common Shares outstanding (or -% if the underwriters' over allotment option is exercised);
WHEREAS, Fortis and Assurant will each be publicly held listed companies subject to applicable listing standards and disclosure obligations;
WHEREAS, Fortis will continue to account for its investment in Assurant on a consolidated basis or under the equity method of accounting which will require sharing of financial and other information between Fortis and Assurant; and
WHEREAS, in addition, Assurant and the Fortis Group (defined below) have agreed to continue to provide certain services and/or information to each other following the Initial Public Offering.
NOW, THEREFORE, in contemplation of Assurant ceasing to be wholly owned by Fortis and for good and valuable consideration, the receipt and adequacy of which is acknowledged, the parties hereby agree as follows:
301086
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Assurant
As referenced in this Cooperation Agreement [Form]:
ASSURANT, INC – 1
{SEQUENCE}9
{FILENAME}y90597a2exv10w1.txt
{DESCRIPTION}FORM OF COOPERATION AGREEMENT
{TEXT}
{PAGE}
Exhibit 10.1
FORM OF
COOPERATION AGREEMENT
by and among
ASSURANT, INC .
(formerly named FORTIS, INC.),
FORTIS INSURANCE N.V.
and
FORTIS SA/NV and FORTIS N.V.
Dated as of -, 2004.
{PAGE}
TABLE _____________
ASSURANT, Inc – Information to be provided by Assurant
Schedule 5 Vendor Purchasing Arrangements
{PAGE}
COOPERATION AGREEMENT
COOPERATION AGREEMENT, dated as of -, 2004, by and among ASSURANT, Inc .
(formerly named Fortis, Inc.), a Delaware corporation ("ASSURANT"), FORTIS
INSURANCE N.V. ("FORTIS INSURANCE"), a naamloze vennootschap established under
the laws of _____________
Assurant) inc – all amounts so paid) all
fees, costs and expenses (including fees and expenses of counsel for Assurant,
Fortis US and any Subsidiary of Assurant) inc urred by Assurant, Fortis US or any
Subsidiary of Assurant in connection with the IPO and the redemption of the
Capital Securities, including, _____________
Assurant, Inc – 5206 Attention: Monica Roeling
Fax: +32 2 510 5621 Phone: +31 30 257 6568
Fax: +31 30 257 7835
18
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If to Assurant, Inc .:
Assurant, Inc.
One Chase Manhattan Plaza
New York, NY 10005
Attention: Katherine Greenzang
Senior Vice President,
General Counsel and Secretary
Phone: (212) _____________
Assurant, Inc – Monica Roeling
Fax: +32 2 510 5621 Phone: +31 30 257 6568
Fax: +31 30 257 7835
18
{PAGE}
If to Assurant, Inc.:
Assurant, Inc .
One Chase Manhattan Plaza
New York, NY 10005
Attention: Katherine Greenzang
Senior Vice President,
General Counsel and Secretary
Phone: (212) 859-7021
_____________
dt 270284
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Flexible
As referenced in this Cooperation Agreement [Form]:
FLEXIBLE SOLUTIONS
– ADVANTAGE
FORTIS BENEFITS PLUS PLAN
FORTIS BENEFITS EXECU PLAN
FORTIS BENEFITS PRO PLAN
THE FORTIS BENEFITS ADVANTAGE
FORTIS BENEFITS INSURANCE COMPANY
SOLID PARTNERS, FLEXIBLE SOLUTIONS
FORTIS INSURANCE COMPANY
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{TABLE}
{CAPTION}
MARK PERMITTED USE DURATION OF LICENSE
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{S} {C} {C}
FORTIS HEALTH
FORTIS HEALTH FOUNDATION
_____________
dt 273095
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